Bookkeeping

The Financial Accounting Standards Board (FASB) is a vital organization that sets and improves accounting standards for public, private, and non-profit organizations in the United States. In summary, FASB is the organization responsible for setting and maintaining GAAP, which is the foundation for financial reporting standards in the United States.…

It oversees financial disclosures made by public companies to ensure they provide accurate and timely information to investors. Professionals undergo years of education in order to truly understand the already existing principles and accounting standards. However, FASB makes sure to continually educate and update the knowledge and financial accounting expertise…

“Fast, Professional, East-To-Understand” Wonderful experience with my customer service representative – or should I say expert. It has been a great experience over all and a lot more user friendly than our previous software program. Whether you are a little behind on your bookkeeping or way off track, you will want to take…

An examination of 2022 IRS data, the most recent available, reveals that despite 70% qualifying, just 2.2% actually took advantage of the program. There was $2.68 trillion sitting in CDs during the third quarter, up more than 10% on the previous quarter, according to the Federal Deposit Insurance Corporation. That…

Non-operating income (NOI) is the part of an organization’s revenue that comes from activities outside its primary business operations. The income that is classified as non-operating depends on the business you’re in. For a non-financial business, the non-operating income that is earned through investing activities such as interest expense on…

It relies on technology and automated processes to maintain an up-to-date record of inventory quantities. Inventory refers to any raw materials and finished goods that companies have on hand for production purposes or that are sold on the market to consumers. Both are accounting methods that businesses use to track…

You do not need to complete a separate Adult Disability Payment application. You can contact Social Security Scotland and ask for more time to complete part 2 if you need it. You can save your application as you go if you want to come back to it and complete it…

Plus, cloud-based accounting software lets you work securely in real time and collaborate from anywhere. Over the years, accounting software has dramatically reduced the amount of time it takes to journalize and process accounting information. The accounts payable turnover ratio measures your business’ short-term liquidity. As such, a higher accounts…

Current liabilities are short-term obligations that a company is liable to pay within one year. From the perspective of customers, it is an obligation as they need to pay the company for goods or services on credit. “As far as accounts receivable [go], you are concerned with shortening the window…

If you’re already using QuickBooks for accounting, then QuickBooks Payroll is our easiest to set up option, as everything will be automated, and it’s going to be an intuitive program for any QuickBooks user. You’re unlikely to need to contact support for help because the tutorial and knowledge base are…